Khaitan & Co advised Birlasoft (India) on restructuring

Khaitan & Co advised Birlasoft (India) Limited and its Promoters – National Engineering Industries Limited and Central India Industries Limited in relation to the overall transaction, including the following:

– Open offer by promoters of KPIT Technologies Limited (KPIT) and Birlasoft to KPIT’s public shareholders for acquiring up to 26% of KPIT’s share capital

– Merger of Birlasoft into KPIT; and

– Demerger of the Engineering Business from KPIT into KPIT Engineering Limited

The core transaction team for the overall transaction comprised of Haigreve Khaitan (Partner), Niren Patel (Partner), Ashraya Rao (Principal Associate), Saswat Subasit (Senior Associate) and Aparajita Chakraborty (Associate) with assistance from the following members on the following aspects of the transaction:

Open offer aspects: Arindam Ghosh (Partner), Moin Ladha (Associate Partner), Arpita Anand (Associate) and Shashank Patil (Associate)

Direct Tax aspects: Daksha Baxi (Executive Director), Vinita Krishnan (Executive Director), Surajkumar Shetty (Principal Associate), Shabnam Shaikh (Principal Associate), Jimmy Bhatt (Senior Associate) and Ankit Namdeo (Associate)

Competition Law aspects: Avaantika Kakkar (Partner), Kirthi Srinivas (Senior Associate) and Balaji Venkatakrishnan (Associate)

Due Diligence aspects: Nupur Pandit (Associate), Enakshi Jain (Associate) and Madhusmita Deept (Associate)

Birlasoft (India) Limited is a CK Birla Group company and is an information technology corporation headquartered in Noida, India. Founded in 1995, the company employs 4000+ employees, globally located in 4 continents across offices in USA, Europe, Australia, Singapore and Malaysia.

KPIT Technologies Limited is currently engaged in providing digital business information technology services and automotive engineering and mobility solutions.

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